One of the new statements made was by Volkswagen who said that they expect to sell less cars in the future, but still remain the same production volume due to selling new cars more frequently. What does it mean? In the West the average lifetime age of a car is 12 years - in some countries 15 or longer. Now I expect the full amount of owners to go down hard, but they will make it up by lowering the duration to 5 years long-term as most cars shall be rented by you peasants. And it's not about being ecological here. Of course that is a disaster in terms of real-life ecology since the most nature-friendly way is to drive a car as long as possible so far as the safety measures are not too backwards.
This is interesting. Just thinking how they would do this. Perhaps moving people to leased agreements would be a good segway, pricing the car purchase value up above anything. Renting out not just new cars for 3 years, but cars in the 4-6 year range, then retiring the car.
I may have mentioned this in another thread: In the auto industry it's been an open discussion of how these changes would be here within the decade. The rich will have very nice automated cars. However, you'll rent or own a multi-household vehicle and no mechanic will have the tech to work on the new cars.
Those darn Russians are at it again!